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v3.20.1

Property and Equipment, Net (Tables) | 12 Months Ended
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Dec. 31, 2019
Property Plant And Equipment [Abstract] |
Summary of Property and Equipment Consisted | Property and equipment consisted of the following:
|  | As of December 31, |
|  | 2018 |  |  | 2019 |
|  | RMB |  |  | RMB |
Leasehold and buildings improvements |  |  | 91,265 |  |  |  | 106,377 |
Electronic and office equipment |  |  | 29,936 |  |  |  | 35,049 |
Buildings (1) |  |  | 480,271 |  |  |  | 480,271 |
Total cost |  |  | 601,472 |  |  |  | 621,697 |
Less: Accumulated depreciation |  |  | (41,961 | ) |  |  | (76,022 | )
Property and equipment, net |  |  | 559,511 |  |  |  | 545,675 |
| (1) | In 2017, the Group purchased two buildings in Wuhan (Building A and B) and one building in Guangzhou (Building C) with a total consideration of RMB480,271. RMB60,000 of the consideration was paid by a mortgage loan provided by a PRC bank in August 2018 (Note 12).

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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